Bridgepoint Group (LON:BPT) Trading 2% Higher - Time to Buy?

Key Points

• Bridgepoint Group's shares rose by 2% to GBX 340.99 ($4.61) during mid-day trading, despite a significant drop in trading volume.
• Analysts have varied opinions on the stock, with Citigroup raising its target price to GBX 395 and JPMorgan maintaining an "overweight" rating with a GBX 424 target.
• The company specializes in private equity and credit investments across multiple sectors, including advanced industrials and healthcare.

Bridgepoint Group plc (LON:BPT - Get Free Report) rose 2% on Thursday . The stock traded as high as GBX 344 ($4.65) and last traded at GBX 340.99 ($4.60). Approximately 409,796 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,706,403 shares. The stock had previously closed at GBX 334.20 ($4.51).

Analysts Set New Price Targets

BPT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 345 target price on shares of Bridgepoint Group in a research report on Monday, July 21st. Citigroup lifted their target price on Bridgepoint Group from GBX 360 to GBX 395 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 424 target price on shares of Bridgepoint Group in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 388.

Bridgepoint Group Stock Down 1.5%

The firm has a 50 day moving average price of GBX 329.05 and a 200-day moving average price of GBX 310.98. The firm has a market cap of £2.78 billion, a PE ratio of 6,354.72, a PEG ratio of 0.61 and a beta of 1.72. The company has a current ratio of 4.98, a quick ratio of 3.60 and a debt-to-equity ratio of 12.89.

Bridgepoint Group Company Profile

Bridgepoint Group plc is a private equity and private credit firm specializing in middle market, small mid cap, small cap, growth capital, buyouts investments, syndicate debt, infrastructure, direct lending and credit opportunities in private credit investments. It prefers to invest in advanced industrials, automation, agricultural sciences, energy transition enablers, business services, financial services, professional services, testing inspection and certification, information services, consumer, digital brands, video games, wellbeing products, health care, pharma and MedTech outsourced services, pharma products, and MedTech Products sectors.